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that you're willing to raise h raise revenues that's drawn the fire of grover norquist. he thinks the best solution is not to negotiate a compromise but go over the cliff. he says "the world won't come to an end if this isn't resolved before january. take the sequester. the only thing worse than sequester cuts is to not cut spending at all." he's saying don't raise taxes except those spending cuts. >> well, what i would say to grover norquist is that the sequester destroys the united states military. according to our secretary of defense, it would be shooting ourselves in the foot. the smallest navy since 1914 and the smallest air force in the history of the country so sequestration must be replaced. i'm willing to generate revenue. it's fair to ask my party to put revenue on the table. we're below historic averages. i will not raise tax rates to do it. i will cap deductions. if you cap deductions around the $30,000, $40,000 you can raise a trillion dollars in revenue. the people who lose their deductions are the upper income americans. to do this i want entitlement reforms. republicans al
increases of any kind that virtually every elected republican has signed. grover norquist is behind that pledge considered one of the most powerful men in washington and has convinced thousands of republicans to sign the pledge. with fiscal calamity on the horizon some gop lawmakers are changing their tune. >> i will violate the pledge, long story short, for the good of the country. >> president has made clear, he will not sign a bill that extents the bush era tax cuts for those making more than $250,000. >> some republicans open to breaking the say they will do it by closing tax loopholes they say entitlement reform has to be part of the discussion. both sides are counting on negotiators to find common ground. >>> if you have a lot of holiday errands you may want to get it done today before the storm gates open. >>> we have three systems that are headed our way over the next several days. first tomorrow morning doppler showing all the cloud cover this morning. we are looking dry, we may see sprinkles throughout the shoreline today, otherwise the fog once again across the bay that i
that man's pledge, americans for tax reform president grover norquist who has hundreds of republicans signed. >> do you feel you are under assault? >> no. it allows elected officials to make it clear openly to voters where they stand. are they going to be able to perform in government of raising taxes. >> reporter: norquist's threat that he will help fund republican campaign challenges against those who violate the pledge. >> what i think i hear you saying, we won't go over. >> i think we will continue the tax cuts. not raise taxes $500 billion. >> reporter: while norquist tries to keep republicans in line -- >> protecting medicare, medicare and education from cuts -- >> reporter: major unions have spent millions targeting democrats, hoping to stop the program. congressional staffers met over the holiday week and leaders hope to meet with the president in the coming week. there are predictions it could be wrapped up before christmas. we'll see. >> david kerley, thank you. >>> we are going to turn overseas and a scene of horror. a clothing factory that went up in flames. the workers tr
that come with it. >> world changed. >> the no neweh9hn taxes pledges the brain child of grover norquist. >> the pledge allows elected officials to make it clear openly to the voters where they stand. >> here in washington he carries weight as evidenced by lawmaker xgh signed the pledge over the years. norquist told abc news this isn't about him and lawmaker autos don't tell me bit. they need tochl plain to voters.twrht >> there is still a catch. >> i will violate the pledge for the good of the country only if democrats will do reform. >> the white house indicated everything is part of the discussion. >> abc news, washington. >> stocks gave back a little of last weeks gain was traders concerned with about the fiscal cliff. dow jones gave back 42 points to finish at 12,967. the s and p 500 off nearly three. >> jipgss planned a real yeel against a recent power grab by president morsi. a shawl but vocal group demonstrated again today in tahrir square. emfeel he is acting like a dictateor. the u.s. says his power grab goes against the spirit of the revolution. >> morsi says he acted within
increases of any kind, period. behind it all, this man, grover norquist, considered one of the most powerful men in washington. since he worked for ronald reagan in the 1980s, he's gotten virtually every elected republican to sign a pledge promising no tax increases. >> a taxpayer-friendly congress. >> reporter: they sign it to help get elected and don't violate it for fear of getting hammered for breaking their word. now how many of these things have been signed? >> pledges? >> reporter: yes. >> thousands over the years. >> reporter: he keeps them all on file. here's john boehner's pledge signed 20 years ago. if somebody signed this 10 years ago or 18 years ago, 20 years ago, are they still bound by it? >> now when you got married, did your wife understand there was an expiration date on that promise? when you borrowed money to buy your house, did you say, "oh geez, that mortgage? that was ten years ago. you're still asking me for money?" you know, if you make a commitment, you make a commitment. >> reporter: the pledge is the biggest obstacle to any deal that would raise taxes, but with a
signed by most republicans. grover norquist is behind the pledge and has convinced thousands of republicans to sign the pledge in exchange for helping them get reelected. some republicans open to breaking the pledge say they will do it by closing loopholes but say entitlement reform must be part of the discussion. >>> do you think you are paying -- >>> good morning. home prices continue to climb nationwide up 3% in september compared to a year ago. in the san francisco area it was 7 1/2% compared to a year ago. meantime, watch for your landlord to jack up rent. recents are up 4.1% this year, watch for rents to go up 4.6% next year and 4.7 the year after. zillow buying hot pads for 16 million dollars, has 19 employees will stay in san francisco, zillow says the move will help it increase the number of leads it sends to landlords. watching ebay today, shares slightly lower stock hit a nearly eight year high yesterday optimism it will benefit from the surge in online holiday shopping amazon shares continue to gain jumped yesterday. over all the markets unchanged with the dow the
. grover norquist is behind that pledge and has convinced thousands of republicans to sign in exchange for helping them get reelected. with fiscal calamity on the horizon some gop lawmakers are changing their tune. >> i will violate the pledge, long story short, for the good of the country. >> president has made clear he will not sign a bill that extends the bush era tax cuts for those making more than $250,000. >> some republicans open to breaking the say they will did it by closing tax loopholes they say entitlement reform has to be part of the discussion. >>> general motors has its eye on california to lunch a new electric car model. -- to launch a new electric car model. >>> an all-electric version of the chevy spark next summer starting in california and oregon nor less than $25 thaw -- $25,000, after a tax credit. if you are looking for the new wii-u. nintendo scrambled to restock ahead of last friday, it is in short supply. looks like greece getting another bailout, european finance ministers agreeing to ease terms on emergency aid for the country in the latest effort to save th
the political risks that come with it. the "no new taxes" pledge is the brainchild of grover norquist, president of americans for tax reform. >> what the pledge does, of course, allows elected officials to make it clear openly to the american voters where they stand. >> reporter: norquist may not be a household name outside the belt kwai, but here in washington he carries significant weight as evidenced by the hundreds of republican lawmakers who have signed his pledge over the years. even as top republicans signal they are willing to compromise there is still a catch. the white house indicated everything is part of the discussion. >> all three legs of this will have to be part of it. >> reporter: president obama has tapped treasury secretary tim geithner to lead negotiations on these fiscal cliff talks. rob and paula, back to you. >> both sides are going to have to give a little. both sides. should be interesting. the president now trying to make a public push. he's meeting with business leaders to try to sell this plan. the white house warning closer and closer, the average family will pay $2,
was designed -- >> reporter: meet the anti-tax enforcer. the man behind the pledge. grover norquist. >> republicans who vote for a tax increase are rat heads in a coke bottle. they damage the brand for everyone else. >> reporter: ronald reagan was part of the first pledge. and no republican has been elected without signing that no tax increase pledge. how many of these things have been signed? >> pledges? >> reporter: yes. >> thousands over the years. >> reporter: he keeps them all on file. here's john boehner's pledge, signed 20 years ago. if somebody signed this 10 years ago, 18 years ago, 20 years ago, are they still bound by it? >> when you got married, did you wife think there was an expiration date on that pledge? >> reporter: he says anybody is doomed. but with the fiscal cliff just months away, and a re-elected barack obama insisting that tax increases must be part of any budget deal, key republicans are now talking about ditching the pledge. >> i'm not obligated on the pledge. >> i will violate the pledge, long story short, for the good of the country, only if democrats wil
Search Results 0 to 8 of about 9

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